South Korean Delio CEO admits to failing to protect users' principal, faces criminal charges
2024-06-25 21:53:31
Jung Sang-ho, former chief executive of Delio, which collapsed last year and owed about 250 billion won ($181 million), admitted in court that users were not "guaranteed principal" when they transferred assets to the platform. Prosecutors charged him with fraud, embezzlement and breach of trust.
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